Search Results for Tag: kyoto protocol

Bursting Bubbles of Hot Air

Authors: Kerstin Schnatz and Klaus Esterluss

Despite being in the middle of a desert, Doha’s newly built convention center is well chilled. But the uncountable air conditions at this year’s venue of the United Nations climate summit (COP18) did not cool the minds of climate activists this morning.

A coalition of Greenpeace, Carbon Market Watch and the WWF loudly drew the delegates’ attention towards tons of hot air – hot air that literally is hidden in the current Kyoto protocol. The Kyoto protocol puts a price on carbon emissions. It is the only legally binding trading scheme aimed at reducing CO2 emissions. But the first trading period is ending in just a few days from now, at the end of 2012.

Activists handed out symbolic carbon credits to delegates for two reasons:

1. To call for a second period of the Kyoto protocol
2. To pledge for a dumping of surplus carbon credits in this second phase

One carbon credit allows a state to emit the equivalent of one ton of CO2. The flaw is: In the current, first trading period of the Kyoto protocol, has created a bubble: Too many countries such as Russia, Ukraine, Poland or Japan, have collected a surplus of credits – a surplus they want to rescue over to the next, ongoing years. The equivalent of all credit savings in this “hot air bubble” is 13 billion tonns of CO2. That is almost three times of what the 27 EU-member states pump into the air each year. If the states do not drop their surplus credits and thus do not burst the bubble in a second phase of the Kyoto trading scheme, these 13 billion tons of CO2 could be emit for free into the world’s atmosphere.

To remind delegates of reducing their own country’s CO2 emissions, they were invited to dump their symbolic hot air credits in a bin before entering the conference halls.

Call for a second commitment period

According to WWF’s William McGoldrick it’s Europe who has to be a rolemodel in the negotiations at COP18. “At the moment, countries jump out of the protocol, but still hold on their hot air credits,” he frames the problem.

How does emission trading work?Trading with carbon credits is an highly theoretical issue. Our animated film may bring some light into the darkness of the mechanism behind the Kyoto protocol.

At mid-point in Durban

The COP17 climate conference in Durban is at mid-point and the prospects for success are not looking very bright. Since this weekend the political leaders have started to arrive to confront some of the problematic issues. There will probably be some compromises being worked out but fears remain that this won’t be enough to tackle the worsening climate situation.
The hottest topic of course is the future of the Kyoto Protocol. Though the developing countries have been fighting for the protocol’s survival it seems that some of the rich nations want, to say the least, some adjustments. Critics say, that they want to get rid of it. In last week’s talks, the European Union came up with some ideas to keep Kyoto alive, through a decision or a declaration. But for this, the EU wants to extract a huge concession, that all “major economies” agree to start negotiating for a new legally binding treaty that will take in effect in 2020. Problem is, that there is no definition of what a “major economy” is. Among developing countries one might think of those with a large population. But on a per-capita basis, they a still developing countries. And that’s the way the developing countries are looking at it. So it is not surprising that developing countries like China, Brazil or India are not interested in taking up talks about this issue. How this story of the Kyoto Protocol is going to end is hard to say. A quick death is unlikely. Especially given the protest this might arouse and the bad name this will give to those who bury it.
The Durban conference is also debating on how to put a new Green Climate Fund into operations. Disputes remain on the fund’s governance. If the is an agreement, it may be Durban biggest but also only visible success. But the are still a couple of more days to go.